You may not have heard of these altcoins yet, or if you have, it probably hasn’t been much.
We don’t blame you. There are over 1,000 cryptocurrencies presently, and with so many operations going live seemingly every week, it can be hard knowing where to start.
But there’s certainly a handful of altcoins that are worth all the fuss.
To keep it simple, we’ll walk you through four of the most promising cryptos right now so you can make up your mind on whether they’re right for your portfolio.
If you’re an Ethereum enthusiast, then you’ve probably heard of Raiden before.
And if you’ve never heard of RDN before, it’s definitely a coin to keep an eye on.
That’s because Raiden is like Bitcoin’s Lightning Network – it’s Ethereum’s off-chain scaling solution. Raiden facilitates private, near-instantaneous micro-transactions. This optimization dynamic could make Raiden huge in the years ahead, especially if ether booms.
Right now, RDN’s circulating supply is 50,000,000, with its total supply being 100,000,000 RDN – the same general ballpark as Ethereum.
One RDN token will set you back approximately $2.00 USD at the moment. That price could realistically hit $10 in the mid-term, so Raiden could be a strong addition to your portfolio.
You can find it on exchanges like KuCoin and Binance for the time being.
Raiden just got released in early November
Simply put, ChainLink is a decentralized oracle network.
Like Raiden, it’s only on Asian exchanges like Binance and KuCoin at present.
Think of ChainLink as a “translator” between off-chain resources, like market data and bank payments, and blockchain smart contracts.
The ramifications are huge for LINK’s future adoptions.
Oracles are already in use in the crypto space today, but until now, they’ve all been centralized, e.g. through exchanges.
With ChainLink, though, anyone – individuals or institutions – will be able to open up and run their own oracles, decentralizing the space. This means the “old world” could be put on the blockchain thanks to LINK in the years ahead.
LINK’s price is very attractive long-term, accordingly.
At the moment, one LINK is hovering around $0.16 cents. There are a total supply of 1,000,000,000 LINK tokens.
Could LINK make another rally soon?
Confido is a crypto escrow payments service that’s poised to take away all the hassle of buy goods online.
Ever bought something on the web only to receive it in terrible condition or never at all? Confido’s going to make that dynamic a thing of the past.
It works like this. You pay into a Confido smart contract for a delivery. Once the item gets delivered, you have 24 hours to “dispute” the transaction through Confido if it’s anything less than you expected.
Also, if you’re item never arrives, Confido has you covered then to. After a dispute or no-show, Confido would return your delivery money to you.
Confido’s like a new consumer protection service for online shoppers.
Better yet? It has a super low coin supply, with its circulating supply being 9,000,000 right now.
With such a low supply, the price of CFD could take off soon.
Confido just launched too
Sure, you’ve probably heard of OmiseGo by now.
It’s arguably Ethereum’s most popular ERC-20 token.
But it’s a good time to get into OMG if you haven’t before because with Coinbase’s announcement of “Coinbase Custody” for institutional investors, the United States’ biggest crypto exchange is looking to add new ERC-20 tokens
And according to Coinbase’s digital assets guidelines, OMG is a strong contender to be listed early.
Specifically, OmiseGo is a decentralized payment processing service powered by the blockchain.
You’ll be able to use OmiseGo to pay for anything with anything – or to receive payment in any currency.
Right now, OMG tokens are hovering in the $8.30 range. In five to ten years, seeing OMG hit $100 is fathomable.
Could OMG be added to Coinbase soon?
Featured Image via Fotolia and Graphs via CoinMarketCap